ZK Protocol Sophon Shuts Down on November 30

ZK protocol Sophon, operating as a Layer 2 scaling solution on Ethereum, is ceasing operations. The mainnet will be shut down on November 30.

The project's technical architecture is a Validium built on ZKsync’s ZK Stack. This solution leverages zk-technology to ensure transaction privacy and scalability.

Investment and Funding

Network development was supported by several prominent institutional investors. The project raised funds from the following funds:

• The Spartan Group
• OKX Ventures
• HTX Ventures
• Maven 11 Capital

Total investment amounted to approximately $10 million. Additionally, the project generated $60 million through node sales.

Sophon's closure follows similar moves by other ecosystem projects such as Abstract and Blast, highlighting current challenges in the L2 solutions segment.